Citizens Bancshares Corp. (OTCMKTS:CZBS) Sees Significant Increase in Short Interest

Key Points

• Citizens Bancshares Corp. experienced a significant increase in short interest of 200.0% in August, rising from 100 shares to 300 shares.
• The stock has a current price of $47.00, with a 52-week range of $41.51 to $63.00.
• The company's shares constitute approximately 0.0% of short sales, and the days-to-cover ratio stands at 0.2 days.

Citizens Bancshares Corp. (OTCMKTS:CZBS - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 300 shares, a growth of 200.0% from the August 15th total of 100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Citizens Bancshares Stock Performance

CZBS stock traded up $0.77 during trading on Thursday, hitting $47.00. The company had a trading volume of 5,817 shares, compared to its average volume of 628. The business has a 50 day moving average of $46.12 and a 200 day moving average of $47.81. Citizens Bancshares has a fifty-two week low of $41.51 and a fifty-two week high of $63.00.

About Citizens Bancshares

Citizens Bancshares Corporation operates as the holding company for Citizens Trust Bank that provides various commercial banking services to individual and corporate customers. The company offers checking and savings accounts; and demand and money market deposits. Its loan products include commercial, financial, and agricultural loans; loans secured by personal property, such as automobiles, marketable securities, and other titled recreational vehicles and motorcycles, as well as unsecured consumer debt; commercial real estate loans; single-family residential loans; and construction and development loans.